BUILD WEALTH ONE BIG IDEA AT A TIME

We’re a revolutionary lender focused on closing the racial wealth gap through zero-interest microloans for the Black business community.

“The BCIF loan has helped Tickleberry Place greatly by providing funds for animation content and a means to build our following during the completion of acquiring new partners and investments that will accelerate the company’s goal for reaching major distribution.”

—LAUREN MCELROY, FOUNDER & CEO, TICKLEBERRY PLACE

ABOUT OUR MICROLOANS

Black Cooperative Investment Fund’s microloans provide direct access to startup and growth capital:

LOANS RANGE BETWEEN $10 - $50,000

ZERO PERCENT (0%) INTEREST RATE

MONTHLY REPAYMENT SCHEDULE

$25 INITIAL LOAN APPLICATION PROCESSING FEE

FOUR PERCENT (4%) LOAN ORIGINATION FEE

ELIGIBILITY CRITERIA

  • Primary target population: Black business owners in Los Angeles, Riverside, San Bernardino, or Orange Counties
  • Strong potential for positive impact on the economic trajectory of the Black community
  • Evidence substantiating that a microloan will help yield a financial return and future asset building
  • Must demonstrate the need and a capacity to repay; stellar credit history is not required
  • Experienced, entrepreneurial, and/or innovative leadership
  • Black owned businesses, preferably with the capacity to create jobs for other African Americans

FUNDING FOR THE CULTURE

Get started with a zero-interest microloan to help launch or expand your business.